Savant Capital LLC Sells 5,370 Shares of DoorDash, Inc. $DASH

Savant Capital LLC reduced its stake in DoorDash, Inc. (NASDAQ:DASH) by 11.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,493 shares of the company’s stock after selling 5,370 shares during the quarter. Savant Capital LLC’s holdings in DoorDash were worth $11,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its stake in shares of DoorDash by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after acquiring an additional 42 shares during the last quarter. Resonant Capital Advisors LLC grew its position in DoorDash by 3.5% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock valued at $334,000 after purchasing an additional 42 shares during the last quarter. Premier Path Wealth Partners LLC increased its stake in DoorDash by 1.9% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock valued at $657,000 after purchasing an additional 45 shares in the last quarter. Advisory Resource Group raised its holdings in DoorDash by 0.8% in the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after buying an additional 48 shares during the last quarter. Finally, Quotient Wealth Partners LLC lifted its stake in shares of DoorDash by 3.2% in the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock worth $418,000 after buying an additional 48 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DASH. Morgan Stanley raised their price target on shares of DoorDash from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Barclays cut their target price on DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. UBS Group restated a “neutral” rating and issued a $245.00 price target on shares of DoorDash in a research note on Monday. Stifel Nicolaus dropped their price objective on DoorDash from $253.00 to $224.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. Finally, Bank of America reduced their price objective on DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $279.09.

DoorDash Trading Down 3.1%

Shares of NASDAQ:DASH opened at $195.83 on Thursday. The stock’s 50-day simple moving average is $218.27 and its two-hundred day simple moving average is $237.26. The stock has a market capitalization of $84.40 billion, a price-to-earnings ratio of 99.41 and a beta of 1.77. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.DoorDash’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. Analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling at DoorDash

In other news, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $234.57, for a total transaction of $7,037,100.00. Following the completion of the sale, the chief operating officer owned 874,130 shares of the company’s stock, valued at $205,044,674.10. The trade was a 3.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $222.53, for a total value of $10,105,087.30. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 602,822 shares of company stock worth $124,269,413. Insiders own 5.83% of the company’s stock.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.